FIKQX vs. PDBAX
Compare and contrast key facts about Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) and PGIM Total Return Bond Fund (PDBAX).
FIKQX is managed by Fidelity. It was launched on Oct 2, 2018. PDBAX is managed by PGIM. It was launched on Jan 10, 1995.
Performance
FIKQX vs. PDBAX - Performance Comparison
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FIKQX vs. PDBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z | -0.21% | 7.31% | 1.69% | 6.75% | -13.97% | -1.03% | 10.00% | 9.90% | 2.01% |
PDBAX PGIM Total Return Bond Fund | -0.40% | 7.50% | 1.82% | 6.51% | -14.52% | -1.77% | 7.78% | 14.71% | 2.07% |
Returns By Period
In the year-to-date period, FIKQX achieves a -0.21% return, which is significantly higher than PDBAX's -0.40% return.
FIKQX
- 1D
- 0.14%
- 1M
- -1.63%
- YTD
- -0.21%
- 6M
- 0.40%
- 1Y
- 3.86%
- 3Y*
- 3.97%
- 5Y*
- 0.41%
- 10Y*
- —
PDBAX
- 1D
- 0.25%
- 1M
- -1.79%
- YTD
- -0.40%
- 6M
- 0.48%
- 1Y
- 3.91%
- 3Y*
- 4.05%
- 5Y*
- 0.39%
- 10Y*
- 2.55%
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FIKQX vs. PDBAX - Expense Ratio Comparison
FIKQX has a 0.36% expense ratio, which is lower than PDBAX's 0.76% expense ratio.
Return for Risk
FIKQX vs. PDBAX — Risk / Return Rank
FIKQX
PDBAX
FIKQX vs. PDBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) and PGIM Total Return Bond Fund (PDBAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FIKQX | PDBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 0.94 | +0.02 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.34 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.54 | +0.10 |
Martin ratioReturn relative to average drawdown | 4.72 | 4.43 | +0.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIKQX | PDBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.94 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.07 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 1.09 | -0.60 |
Correlation
The correlation between FIKQX and PDBAX is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FIKQX vs. PDBAX - Dividend Comparison
FIKQX's dividend yield for the trailing twelve months is around 3.66%, less than PDBAX's 3.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIKQX Fidelity Advisor Investment Grade Bond Fund Class Z | 3.66% | 3.97% | 4.08% | 3.65% | 2.05% | 1.44% | 4.90% | 2.83% | 1.07% | 0.00% | 0.00% | 0.00% |
PDBAX PGIM Total Return Bond Fund | 3.94% | 4.27% | 3.76% | 3.55% | 5.49% | 2.47% | 2.68% | 10.32% | 3.74% | 2.60% | 3.65% | 2.94% |
Drawdowns
FIKQX vs. PDBAX - Drawdown Comparison
The maximum FIKQX drawdown since its inception was -18.53%, smaller than the maximum PDBAX drawdown of -21.24%. Use the drawdown chart below to compare losses from any high point for FIKQX and PDBAX.
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Drawdown Indicators
| FIKQX | PDBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -21.24% | +2.71% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.07% | +0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -18.53% | -21.01% | +2.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -21.24% | — |
Current DrawdownCurrent decline from peak | -2.16% | -2.51% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -2.48% | -2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 1.07% | -0.09% |
Volatility
FIKQX vs. PDBAX - Volatility Comparison
The current volatility for Fidelity Advisor Investment Grade Bond Fund Class Z (FIKQX) is 1.48%, while PGIM Total Return Bond Fund (PDBAX) has a volatility of 1.61%. This indicates that FIKQX experiences smaller price fluctuations and is considered to be less risky than PDBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FIKQX | PDBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.61% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 2.70% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.39% | 4.59% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 5.99% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.51% | 5.32% | +0.19% |